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As a career international teacher, I am happy to continue this series on Save $$$ ANYWHERE! Last month we introduced the housing package topic as a way for international teachers to save $$.
Helpful Hint #3: Avoid Large Purchases
As an expatriate teacher, I have never needed a car, even though many of my colleagues have one. It’s a great luxury, but also a great expense when you consider gas, insurance, maintenance, license plate, and the loss in resale value. Uber is available in just about all counties now, and if a car is really necessary, a short-term rental can be obtained economically.
Avoiding the big purchases will make for better savings and fewer inconveniences when it comes time to move to the next assignment. Anyone who had to move without a shipping allowance understands the pain of letting go of your expensive cappuccino machine for pennies on the dollar.
Never own anything you can’t walk away from in 20 minutes. When the COVID-19 pandemic first came, and many teachers were locked out of their work country, saying goodbye to everything was very real. Teachers lost baby photos, family heirlooms, and all their personal belongings. One friend of mine who got locked out of China told me, “All my stuff wasn’t worth anything anyway”, and moved on happily. Others are still fighting with schools and governments to get back what was lost.
Having some creature comforts are important, especially with lockdowns and quarantine. Just be aware that having a new 80’ Smart TV is great, but you’ll never get back the money you invested. Avoiding large purchases can help you reach your savings goals.
Stay tuned next month for Tip #4 on Save $$$ ANYWHERE!
This article was submitted by an ISC member and veteran international school teacher. If you are interested in being a guest author on our blog, please contact us here.